Word Origin & History

tax late 13c., from O.Fr. taxer "impose a tax" (13c.), from L. taxare "evaluate, estimate, assess, handle," also "censure, charge," probably a frequentative form of tangere "to touch" (see tangent). Sense of "burden, put a strain on" first recorded 1672; that of "censure, reprove" is from 1560s. Use in Luke ii for Gk. apographein "to enter on a list, enroll" is due to Tyndale. The noun is recorded from early 14c. Tax shelter is attested from 1961; taxpayer from 1816.

Example Sentences for taxed

Overseas dividend income is usually accounted for and taxed on a receipts basis.

Bartering for business is also taxed accordingly as business income or business expense.

All earned income from capital gains is taxed the same as regular income.

Shortterm capital gains are taxed at a higher rate the ordinary income tax rate.

Renters necessarily consume housing, so they will be taxed on the expenditure of rent.